The chairman of the Eurozone finance ministers, Kyriakos Pierrakakis, told a Washington event that the worst case—stagflation triggered by the U. S. and Israel’s conflict over Iran—is not yet happening. He said that the sharp jump in oil, gas and fertilizer prices caused by a potential shutdown of
The U. S. Treasury Secretary recently shared an upbeat take on the country’s economy, brushing off worries about the Iran conflict. While wars often disrupt markets, he argued that America’s economy could still expand by more than 3% this year. Global watchdogs like the IMF and World Bank, however,
The war near Iran has messed with fertiliser supplies, and that’s bad news for poorer countries that can’t easily swap suppliers. About a third of the world’s nitrogen fertiliser usually moves through the Strait of Hormuz, a narrow waterway where ships are getting delayed or rerouted. Since many far
Zambia recently chose to pause fuel taxes for three months to protect drivers from rising oil prices caused by regional conflicts. The move will cost the government around $100 million in lost revenue, adding pressure to an already tight budget. Finance officials admit the decision leaves fewer fund
Tinley Park has drafted a new budget that shows a small surplus for next year. The plan expects about $2. 18 million more in money than it spends by the end of fiscal 2027. The village will spend roughly $82 million next year, up from last year, while revenue is projected to reach about $84 milli
The global stock market reacted sharply after President Donald Trump announced a potential blockade of the Strait of Hormuz, heightening fears that oil supplies could be cut off. Brent crude climbed 7. 3 percent, reaching just above $102 a barrel, as traders worried about the impact on energy flo
Bitcoin and the wider crypto market climbed sharply on Monday after former President Donald Trump sent mixed signals about a possible agreement with Iran to reopen the Strait of Hormuz. A post on Truth Social warned that Iran would face severe consequences if the waterway stayed closed, while a late
The group of finance ministers from Spain, Germany, Italy, Portugal and Austria have joined forces to ask the European Union to introduce a windfall tax on energy firms. Their main worry is that the recent surge in oil and gas prices—linked to conflicts in Iran—could push inflation higher and hurt o
On a spring day in April 2026, stock markets on Wall Street experienced their best trading session in months. The Dow Jones shot up over 1, 100 points, the S&P 500 climbed nearly 3%, and the Nasdaq surged almost 4%. Traders celebrated what they called a breakthrough, believing the conflict between t
A single trader just made a bold $80 million bet that Bitcoin will fall while oil prices will rise. This trader used Hyperliquid, a decentralized exchange, to take a huge short position on Bitcoin and a long position on Brent crude oil. The bet relies on a 7x leveraged contract, meaning small price
